ETHEREUM → Correction before rising to 4850

ETHUSD in the bullrun phase reaches the 4000 mark. There is not much left to ATH. On the hourly chart, there are preconditions that a large volume is being purchased in the coin in order to strengthen the price. When will we reach ATH?

After reaching $4000, a correction is formed and the price tests local support areas. Two scenarios are possible at this point:

1. False breakdown of 3981.75 followed by price consolidation above the level and growth to 4150-4450.
   
2. A deeper correction, but the probability is much lower, as buying liquidity may not let the price go that far. Still. A break of 3981 and price consolidation below this area will give us a correction to more favorable buying zones. A retest of 3825, 3725 could resume the rise to 4000-4450
   

Resistance levels: 4085, 4150
Support levels: 3981, 3825, 3725

I expect the growth to continue, but after correction. The correction may be fast or deep, but the target is still 4450 - 4850 (ATH)

BTCUSD TOTAL TOTAL2

Regards R. Linda!

Trade ist aktiv:

Consolidation above a key level.
Consolidation above 4066 may trigger further growth
A false break of support is also possible

Trade ist aktiv:

Similarly, as before. Corrections and liquidations give whales points where to buy at more favorable prices.
The potential for further upside is being gained.
A breakout and consolidation above 4000 will give the potential for further gains

Trade ist aktiv:

False breakdown of support :)